There are various parameters of providing commission and other benefits to the advisors with the initial commission based on different policies advisor can get Monthly Performance Fees, Benefit of activity factor, Case count bonus, Persistency benefit and annual productivity bonus
The remuneration is paid on the bases on the following hierarchy
NLA Advisor Sr.Advisor Executive Advisor
NLA PBA BA SBA MBA
For NLA with the commission of the policy he gets
Monthly Bonus-5% of the 1st year commission min submission 2 case and Rs.2000 . Premium.
Annual Bonus -5% of 1st year commission min submission of 50000Rs premium
Quarterly persistency bonus- 3% of 2nd year renewal commission in case of activity 80%-85%
5% of the 2nd year Renewal commission in case of 85%-90% activity
6%of the 2nd year Renewal commission in case of above 90%activity
For Advisor the benefits available are-
Same as for NLA
For Sr. Advisor benefits are
Monthly Bonus 5%in case of 2 cases 4000 Rs premium amount
8% in case 2case 6000 Rs premium min
13% of 1st year commission in case of 2 case 9000 Rs premium
Annual bonus 5% of 1st year commission in case 50000Premium
8%of the 1st year commission in case 100000 premiums
For Sr. Advisor 5%of the 2nd year renewal commission if activity 80%-85%
6% of the 2nd year Renewal commission if activity 85%-90%
7%of the 2nd year Renewal commission if activity is above 90%
For Executive Advisor the benefits are
Monthly bonus 5%in case of 2 case 4000 Rs premium amount
8% in case 2case 6000 Rs premium min
13% of 1st year commission in case of 2 case 9000 Rs premium
Annual bonus 5% of 1st year commission in case 50000 Premium
8%of the 1st year commission in case 100000 premium
15%of the 1st year commission in case 120000 premium
For executive advisor the benefits are-
7%of the 2nd year renewal commission if activity 80%-85%
8% of the 2nd year Renewal commission if activity 85%-90%
9%of the 2nd year Renewal commission if activity is above 90%
The remuneration is paid on the bases on the following hierarchy
NLA Advisor Sr.Advisor Executive Advisor
NLA PBA BA SBA MBA
For NLA with the commission of the policy he gets
Monthly Bonus-5% of the 1st year commission min submission 2 case and Rs.2000 . Premium.
Annual Bonus -5% of 1st year commission min submission of 50000Rs premium
Quarterly persistency bonus- 3% of 2nd year renewal commission in case of activity 80%-85%
5% of the 2nd year Renewal commission in case of 85%-90% activity
6%of the 2nd year Renewal commission in case of above 90%activity
For Advisor the benefits available are-
Same as for NLA
For Sr. Advisor benefits are
Monthly Bonus 5%in case of 2 cases 4000 Rs premium amount
8% in case 2case 6000 Rs premium min
13% of 1st year commission in case of 2 case 9000 Rs premium
Annual bonus 5% of 1st year commission in case 50000Premium
8%of the 1st year commission in case 100000 premiums
For Sr. Advisor 5%of the 2nd year renewal commission if activity 80%-85%
6% of the 2nd year Renewal commission if activity 85%-90%
7%of the 2nd year Renewal commission if activity is above 90%
For Executive Advisor the benefits are
Monthly bonus 5%in case of 2 case 4000 Rs premium amount
8% in case 2case 6000 Rs premium min
13% of 1st year commission in case of 2 case 9000 Rs premium
Annual bonus 5% of 1st year commission in case 50000 Premium
8%of the 1st year commission in case 100000 premium
15%of the 1st year commission in case 120000 premium
For executive advisor the benefits are-
7%of the 2nd year renewal commission if activity 80%-85%
8% of the 2nd year Renewal commission if activity 85%-90%
9%of the 2nd year Renewal commission if activity is above 90%